Strategy Buys More Bitcoin but Turns Attention to USD Reserve With $300M Injection
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MicroStrategy co-founder Michael Saylor announced the firm bought 520 BTC for $35 million, bringing its total Bitcoin holdings to 847,363 BTC valued at nearly $55 billion. The NASDAQ-listed business intelligence company also significantly increased its USD reserve more than the BTC purchase, underscoring continued corporate treasury allocation to crypto and reinforcing institutional adoption signals that may boost market sentiment.
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After hinting at buying more bitcoin on Sunday, Strategy’s co-founder and former CEO, Michael Saylor, announced on X minutes ago that the firm had acquired another 520 BTC for $35 million. Thus, its total holdings have grown to 847,363 units, currently valued at almost $55 billion.
What’s more interesting about this announcement is the fact that the NASDAQ-listed business intelligence software company increased its USD reserve a lot more than the BTC acquisition.
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In This News
Coins
$ 64.13K
+0.09%$ 0.00187
+3.55%Predictions Markets
See what traders are focused on
Share:
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